Clas Ohlson’s Nomination Committee appointed

Tue, Jan 23, 2018 08:00 CET

In accordance with the applicable nomination procedure, as adopted by the Annual General Meeting, Clas Ohlson’s Nomination Committee is to comprise the Chairman of the Board and four members representing the four largest registered owners or shareholders known in some other manner. The Haid and Tidstrand families are to appoint one member each to the Nomination Committee.

Prior to the 2018 Annual General Meeting, Clas Ohlson’s Nomination Committee will comprise the following members:

Kenneth Bengtsson, Chairman of the Board of Clas Ohlson AB

Jonas Berg, representing the Haid owner family (chairman)

Göran Sundström, representing the Tidstrand owner family

Ricard Wennerklint, representing If Skadeförsäkring AB

Erik Durhan, Nordea Funds

The Nomination Committee’s assignment is to present to the coming Annual General Meeting proposals concerning the election of the Chairman of the Board and other Board members and regarding the choice of auditors, as well as fees and other remuneration to be paid for Board assignments to each of the Board members and to the auditor. The Nomination Committee is also to submit proposals concerning the Chairman of the Annual General Meeting.

The composition of the Nomination Committee is based on the owner relationship at 30 September 2017. The Nomination Committee represents approximately 70 per cent of the total number of company shares (votes). The above Nomination Committee will serve until a new Nomination Committee has been elected.

The Annual General Meeting will be held on 8 September 2018. Shareholders who wish to submit proposals to the Nomination Committee can do so by e-mail to: valberedningen@clasohlson.se or by post to: Clas Ohlson AB, Valberedningen, SE-793 85 Insjön, Sweden.

Clas Ohlson was founded in 1918 as a mail order business based in Insjön, Sweden. Today, the company offers products and services for the everyday practical problems, in five countries via its over 200 stores and online. Clas Ohlson offers a wide range of affordable products in five product areas: Hardware, Electrical, Home, Multimedia and Leisure. The company is listed on Nasdaq Stockholm, has sales of approximately 8 billion SEK and more than 4,800 employees. Visit Clas Ohlson at www.clasohlson.com.

About Us

Clas Ohlson was founded in 1918 as a mail order business based in Insjön, Sweden. This year, we are celebrating 100 years as a business with customers in five markets, approximately 5,000 co-workers and annual sales of approximately 8 billion SEK. Our share is listed on Nasdaq Stockholm. A lot has happened since the start in 1918, but one thing has remained the same over the years; that we want to help and inspire people to improve their everyday lives by offering smart, simple, practical solutions at attractive prices. Read more about our history on clasohlson100.com/en or visit about.clasohlson.com for current events and information.